Mixed-Use Landmark Property | Iconic Building | Income-Producing Holiday Let | Historic Town Centre Location

We are delighted to offer to auction this substantial and iconic mixed-use property occupying a prime position on Narrowgate, at the foot of Alnwick’s bustling pedestrianised high street. This highly recognisable building – originally constructed in the mid-19th century as a Savings Bank – has since served as a clockmaker’s shop and now operates as a holiday let and retail unit. Fondly referred to by many as “Alnwick’s own Gringotts Bank”, this local landmark is one of the most photographed and admired buildings in Alnwick, celebrated for its intricate stone carvings and distinctive architecture.

Dating back to circa 1850, the property offers a versatile layout comprising a ground floor commercial unit with additional basement space, as well as a beautifully presented multi-level residential apartment above, which has been successfully run as a high-performing holiday let since 2021. The vendor is happy to transfer all future holiday bookings to the new owner, offering immediate income upon purchase.

Property Overview
Originally built in the mid-19th century (circa 1850) as a Savings Bank

Type: Mixed-use (Retail + Residential)

Floor Area: Approx. 115 sq m (1240 sq ft) over five floors

Retail Area for VOA (Ground & Basement): Approx. 359 sq ft

Tenure: Freehold

Council Tax/Business Rates: TBC

Auction Status: For Sale by Auction – Fees Apply

Rooms

Location
LOCATION & CONNECTIVITY Alnwick is a historic and picturesque market town in Northumberland, located approximately 32 miles north of Newcastle upon Tyne and 5 miles inland from the North Sea coast. By Road: Alnwick is directly accessed via the A1 dual carriageway, with a dedicated junction that brings you into the town via the A1068 or B6341. The A1 provides fast and direct access both north toward Berwick-upon-Tweed and the Scottish Borders, and south to Newcastle, Morpeth, and Durham. By Rail: The nearest mainline station is Alnmouth for Alnwick, approximately 4 miles to the east, easily accessible by car or local bus. The East Coast Main Line offers direct rail services to Edinburgh, Newcastle, York, and London King’s Cross. By Air: Newcastle International Airport is about 35 miles to the south, reachable in 45 minutes by car, offering domestic and international flights.

Local Ameanities
Alnwick offers a range of excellent local amenities, including: Alnwick Infirmary – a Minor Injuries Hospital with community health services Supermarkets such as Morrisons, Sainsbury’s, Lidl, and Marks & Spencer Food Hall Educational facilities, from primary to secondary level A bustling town centre with independent shops, cafes, and restaurants Nearby tourist attractions include Alnwick Castle and The Alnwick Garden

Commercial Property Overview
Flat Accommodation Spread Across two floors Room Descriptions Ground Floor – Commercial Retail Unit A beautiful double-fronted retail space full of light, with tall arched windows and period cornicing. A fantastic space for a boutique, studio, or continued commercial use. The space retains original wooden flooring and a decorative timber counter. Note: Planning flexibility may allow for alternative business uses (STPP). Basement Level – Storage & Cloakroom WC Accessible via internal stairs, the basement offers dry storage rooms with ample shelving and a cloakroom WC, making it ideal for stock management, hobbyists, or auxiliary commercial purposes.

Flat Accommodation Overview
Flat Accommodation Spread Across Four Floors First Floor – Holiday Let Living Area & Kitchen Living Room: A stunning triple-bay windowed lounge with rich red décor, high ceilings, and original sash windows. The space easily accommodates two sofas, coffee tables, and additional accent furniture. Kitchen/Diner: A stylish, modern fitted kitchen with wooden countertops, ceramic hob, integrated oven, sink under a sash window, and room for a 4-seat dining table. Blue tile splashbacks add colour and charm. Second Floor – Bedrooms Bedroom One: Double bedroom with warm ochre walls, ample space for double bed, wardrobe, and bedside tables. Sash window with views over the town centre. Bedroom Two: Larger of the two, with dual aspect windows, original decorative fireplace, and ample room for a king-size bed, wardrobes, and dressing area. Third Floor- Bathroom Bathroom: A luxurio...

Tenure
Freehold. Title number

Rateable Value
Current rateable value (1 April 2023 to present) £2,900

Council Tax Band
Council tax band for flat at 11 Narrowgate to be confirmed

Investment
A terrific investment opportunity, with current rent of £16k per annum, Potential income for retail £600 per cal month.

Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.

No longer on the market

Retail property (high street)

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